HDFC Life: Short-term downtrend, Sell at 619.40

7 nov 2023

HDFC Life is currently in a short-term downtrend, with a recent swing low of 619.40. Swing traders can look to sell HDFC Life at 619.40 for a target of 606, which is the next major support level.
Trading strategy:

Sell HDFC Life at 619.40 for a target of 606.
Place a stop loss order above the recent swing high of 622.10.

Please note that this is just a trading idea and not a financial recommendation.

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I have added a title to make the idea more clear and concise.
I have provided supporting evidence for the idea, in the form of technical analysis.
I have stated the key support and resistance levels to watch.
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I hope this is helpful!